UPDATE: BlackRock leads ETF outflows as monthly Ethereum withdrawals top $1B
CIE News ·
Update to US spot Bitcoin ETFs report $635M in daily outflows
Based on reporting by crypto.news; not yet independently confirmed.
BlackRock's IBIT led single-day Bitcoin ETF outflows with $254.1 million, while spot Ethereum ETF withdrawals reached $11.1 million to push October totals past $1 billion.
BlackRock's iShares Bitcoin Trust recorded $254.1 million in net outflows on October 22, leading redemptions across individual funds as U.S. spot Bitcoin ETFs shed an aggregate of $635.6 million, according to data from SoSoValue and Farside Investors. As previously reported, the single-day outflow ended a three-day streak that had generated $1.08 billion in net inflows.
Fidelity Wise Origin Bitcoin Fund followed with $217.5 million in withdrawals, while ARK 21Shares Bitcoin ETF saw $109.4 million leave its fund. Bitwise Bitcoin ETF and Grayscale Bitcoin Trust posted net outflows of $29.5 million and $27.4 million, respectively, bringing cumulative October net flows for U.S. spot Bitcoin ETFs to roughly $175 million in outflows.
Alongside Bitcoin products, spot Ethereum ETFs recorded $11.1 million in net outflows for the session. That daily reduction pushed aggregate October net outflows for spot Ethereum funds past the $1 billion mark.
Key facts
- IBIT lost $254.1M
- FBTC saw $217.5M outflows
- Spot ETH daily outflows at $11.1M
- October ETH ETF outflows top $1B
Read the original at crypto.news